ninjaboon
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Activity: 2114
Merit: 1002
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January 27, 2015, 10:35:51 PM |
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awesome video, just saw my nick in it too! and what is a "kelly"? |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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RHavar
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Activity: 2557
Merit: 1886
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January 27, 2015, 10:47:59 PM |
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and what is a "kelly"?
It comes from the kelly criterion which in the case of a casino, is super simple. A "full kelly" really just means, that the house accepts a bet where the profit is X% of it's bankroll when the house edge is X%. Most dice sites with a 1% house edge, refuse any bets that would put them above a half-kelly (0.5% of their bankroll). |
Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of. |
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ninjaboon
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Activity: 2114
Merit: 1002
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January 27, 2015, 10:56:36 PM |
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and what is a "kelly"?
It comes from the kelly criterion which in the case of a casino, is super simple. A "full kelly" really just means, that the house accepts a bet where the profit is X% of it's bankroll when the house edge is X%. Most dice sites with a 1% house edge, refuse any bets that would put them above a half-kelly (0.5% of their bankroll). ok got it, thanks. |
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crazyearner
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Activity: 1820
Merit: 1001
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January 27, 2015, 11:20:27 PM |
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need to get some of my free bits in here that I got around and play see if can win some big bits and make a small proft maybe luck is on me side as had a good start to the month and has been good though out it.
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sed
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January 28, 2015, 12:57:33 AM |
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need to get some of my free bits in here that I got around and play see if can win some big bits and make a small proft maybe luck is on me side as had a good start to the month and has been good though out it.
Bits are always the same size, a single value of true/false, 0/1. But you can have an array of bits, 8 of them is a byte. |
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RHavar
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Activity: 2557
Merit: 1886
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January 28, 2015, 01:30:21 AM |
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Bits are always the same size, a single value of true/false, 0/1. But you can have an array of bits, 8 of them is a byte.
It's also a homonym, predating your definition as a unit of money and now rapidly replacing common usage of 'bitcoin' as a millionth of bitcoin. |
Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of. |
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sed
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January 28, 2015, 01:32:44 AM |
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Bits are always the same size, a single value of true/false, 0/1. But you can have an array of bits, 8 of them is a byte.
It's also a homonym, predating your definition as a unit of money and now rapidly replacing common usage of 'bitcoin' as a millionth of bitcoin. Replacing bitcoin with a millionth of a bitcoin? I think you're referring to 100 Satoshis, or 1microBTC? |
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RHavar
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Activity: 2557
Merit: 1886
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January 28, 2015, 01:41:43 AM |
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I think you're referring to 100 Satoshis, or 1microBTC?
Yes, a bit is a 100 satoshis, a µBTC, 1000 −1 mBTC, etc. However, it's important that we as the bitcoin community move to a common unit and name, and it's pretty clear by now that that will be bits, with companies like bitpay moving to it as their default unit (and being already supported by coinbase, blockchain.info, etc.) |
Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of. |
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ninjaboon
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Activity: 2114
Merit: 1002
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January 28, 2015, 05:34:12 AM |
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bad day. 8 losses, 500k bits each....  total 4 btc poof... |
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fearlesscat10
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January 28, 2015, 06:10:06 AM |
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bad day. 8 losses, 500k bits each.... total 4 btc poof... Aw sorry mate.  Only lost around 200 bits so far. |
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ninjaboon
Legendary
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Activity: 2114
Merit: 1002
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January 28, 2015, 06:19:32 AM |
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bad day. 8 losses, 500k bits each.... total 4 btc poof... Aw sorry mate. Only lost around 200 bits so far. got too confident, I need to lower down my bits now. |
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1gallon
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January 28, 2015, 06:35:15 AM |
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bad day. 8 losses, 500k bits each.... total 4 btc poof... ouchies what was the payout you were trying to hit if you don't me asking  |
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ninjaboon
Legendary
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Activity: 2114
Merit: 1002
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January 28, 2015, 06:44:33 AM |
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bad day. 8 losses, 500k bits each.... total 4 btc poof... ouchies what was the payout you were trying to hit if you don't me asking 2.2x but all the draws came below in a whole lot. |
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Omikifuse
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Activity: 1750
Merit: 1009
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January 28, 2015, 08:07:09 AM |
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bad day. 8 losses, 500k bits each.... total 4 btc poof... ouchies what was the payout you were trying to hit if you don't me asking 2.2x but all the draws came below in a whole lot. Why say 500k Bits instead if 0.5 BTC  Anyway sorry for your loss |
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blockage
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Activity: 100
Merit: 10
Vires in numeris.
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January 28, 2015, 08:33:11 AM |
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bad day. 8 losses, 500k bits each.... total 4 btc poof... ouchies what was the payout you were trying to hit if you don't me asking 2.2x but all the draws came below in a whole lot. Yeah, you ran into a really bad streak. But you had a 2.75x on the second roll. Why didn't you take it? |
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ninjaboon
Legendary
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Activity: 2114
Merit: 1002
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January 28, 2015, 08:55:42 AM |
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bad day. 8 losses, 500k bits each.... total 4 btc poof... ouchies what was the payout you were trying to hit if you don't me asking 2.2x but all the draws came below in a whole lot. Yeah, you ran into a really bad streak. But you had a 2.75x on the second roll. Why didn't you take it? chicken-out, that's why. |
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hopenotlate
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Activity: 3318
Merit: 1225
Top Crypto Casino
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January 28, 2015, 01:59:31 PM |
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Yeah, patience helps ....my bad I never had enough to cash out some profit from moneypot  |
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febriyana
Sr. Member
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Activity: 432
Merit: 250
Febriyana Muhammad
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January 28, 2015, 02:12:56 PM |
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I have test to play and my bitcoin lose So I stop now, and good luck all  |
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asura10x
Newbie
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Activity: 42
Merit: 0
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January 28, 2015, 04:50:25 PM |
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Yeah, patience helps ....my bad I never had enough to cash out some profit from moneypot hahaha you are unlucky man, use your instinct don't use your brain... and need your lucky 99% |
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